• About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, April 15, 2021
Finance Infinity
  • Home
  • News
  • Market Watch
  • Ministration
  • Opinion
  • Beyond Finances
No Result
View All Result
  • Home
  • News
  • Market Watch
  • Ministration
  • Opinion
  • Beyond Finances
No Result
View All Result
Finance Infinity
No Result
View All Result
Home Opinion

Plotting a recovery: Can India Tackle Major Pandemic Crisis

Supriya Tyagi by Supriya Tyagi
August 1, 2020
in Opinion
0
COVID19 Indian economy
0
SHARES
25
VIEWS
Share on FacebookShare on Twitter

Indian economy has seen some transformation in the last few years due to revolutionary economic policies such as demonetisation, GST, etc. However, it is the current pandemic which has impeded the prospective growth. Both the fiscal position of the government and balance sheets of the private sector have been deteriorating. It would be safe to admit that India now has a potentially major crisis on its hand & only with acknowledgement, analysis & focused actions can get out of the economic crunch which has been accelerated due to COVID-19.

 

Currently, cases in India are growing expeditiously and threaten to explode disastrously. With the private health sector under immense pressure, new investments are vital, including the training of personnel at all levels, as well modernisation of the facilities & equipment- capable of handling pandemics of this level.

 

There is a need to invest in public health as well- maintaining good sanitation being the primary focus. So far, under the Prime Minister Narendra Modi’s flagship Swachh Bharat Mission scheme, there has been an aggressive emphasis towards building public toilets which was neglected for years, however, even that has met limited expectations and still requires more work.

 

Achieving this ambitious objective requires more money to states & cities- for better implementation, timely planning, and execution. Adequate water supply & maintaining sanitation at public places reduces the impact of contagious pandemic like COVID-19 and since we could have more such outbreaks in the future, it is going to be one of the most essential tasks.

Read More: COVID-19 pandemic: How India Inc can revive its economy amid the virus outbreak

Second, India needs to deal with its deficiencies in the domestic transport system. There is a need for massive investments to upgrade facilities across the transportation sector- railways, bus stations, taxi stands, etc. India should do everything it can to promote the safe & efficient movement of goods & services.

 

Third, working to enhance digital infrastructure. Amid Coronavirus, the only way some businesses have been able to run operations is due to digital literacy & availability of modern-day machines. Had this happened even a decade ago, the world would have suffered enormously. Not just the businesses, even the schools, colleges have been able to adopt & continue education via online medium. Nevertheless, there is a lot of scope to provide better access to digital infrastructure. If these things can be worked upon adequately, maybe we can have more power to fight such pandemics and our recovery post pandemic depends on these factors as well.

Tags: coronavirus outbreakCOVID-19Indian economy
Previous Post

India Aims To Reduce State-Owned Banks From 12 to 5: Sources

Next Post

India to Finance US $500 million in Maldives' biggest-ever Infrastructure Project

Supriya Tyagi

Supriya Tyagi

Vedika has studied law and economics and worked in financial services before starting her career as a writer with Finance Infinity. She is always keen to analyse financial trends along with the government policies.

Related Posts

Follow these financial tips in your 20s to be secured in your 30s and beyond
Opinion

Follow these financial tips in your 20s to be secured in your 30s and beyond

February 26, 2021
Budget 2021: Privatizing two public sector banks
News

Budget 2021: Privatizing two public sector banks

February 4, 2021
RBI drafts 4-layered framework for shadow bank regulation
News

RBI drafts 4-layered framework for shadow bank regulation

January 27, 2021
Maharashtra Road Project concessionaire faces replacement bid from UBI consortium
Opinion

Maharashtra Road Project concessionaire faces replacement bid from UBI consortium

December 31, 2020
Reliance Jio
Market Watch

Reliance Jio: Breaking the threshold of economic growth

December 21, 2020
greater noida film city project
News

Real estate prices expected to multiply five-fold with Noida film city project, says YEIDA CEO

December 18, 2020
Next Post
India invest in Malé Connectivity Project

India to Finance US $500 million in Maldives' biggest-ever Infrastructure Project

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stock Market

  • Trending
  • Comments
  • Latest
India Post’s mobile bank facility

All about India Post’s mobile bank facility for its saving accounts customers

November 6, 2019
Axis Bank

Learning how to utilize digital channels for selling products with Axis Bank

January 9, 2020
Advent to invest in Aditya Birla Capital Ltd

Advent to invest Rs 1,300 crore in Aditya Birla Capital Ltd

September 4, 2019
KPMG Future of Finance

KPMG Future of Finance: Data, Automation, and Integration

December 14, 2020
Fave to be introduced in India after its acquisition by Pine Labs

Fave to be introduced in India after its acquisition by Pine Labs

0
India Post decides to convert to Small Finance Bank

India Post decides to convert to Small Finance Bank, emphasizing on Digital transactions!

0
FPI Surcharge

FPI Surcharge: Finance ministry to consult Law ministry for providing immediate relief

0
National Housing Bank to infuse Rs 10,000 crore in housing finance companies

National Housing Bank to infuse Rs 10,000 crore in housing finance companies

0
Fave to be introduced in India after its acquisition by Pine Labs

Fave to be introduced in India after its acquisition by Pine Labs

April 14, 2021
EPFO Hits All-time Low: April-December 2020 Sees 71 lakh Closed Accounts

EPFO Hits All-time Low: April-December 2020 Sees 71 lakh Closed Accounts

March 18, 2021
Finance Ministry to the Rescue: Banks Under PCA Set to Receive Rs14,500 crore Package

Finance Ministry to the Rescue: Banks Under PCA Set to Receive Rs14,500 crore Package

March 13, 2021
Want to grow your savings? Here are the top FD investment options you need to know

Want to grow your savings? Here are the top FD investment options you need to know

March 10, 2021

Recent News

Fave to be introduced in India after its acquisition by Pine Labs

Fave to be introduced in India after its acquisition by Pine Labs

April 14, 2021
EPFO Hits All-time Low: April-December 2020 Sees 71 lakh Closed Accounts

EPFO Hits All-time Low: April-December 2020 Sees 71 lakh Closed Accounts

March 18, 2021
Finance Ministry to the Rescue: Banks Under PCA Set to Receive Rs14,500 crore Package

Finance Ministry to the Rescue: Banks Under PCA Set to Receive Rs14,500 crore Package

March 13, 2021
Want to grow your savings? Here are the top FD investment options you need to know

Want to grow your savings? Here are the top FD investment options you need to know

March 10, 2021
Facebook Twitter Youtube Instagram
Finance Infinity

Finance Infinity is a media platform which delivers latest financial information. Find news, articles, editorials and blogs written by our dedicated team of professionals and get yourself updated on what's happening in the business world.

Browse by Category

  • Beyond Finances
  • Business
  • Market Watch
  • Ministration
  • Mobile
  • News
  • Opinion
  • Tech
  • Tips

Recent News

Fave to be introduced in India after its acquisition by Pine Labs

Fave to be introduced in India after its acquisition by Pine Labs

April 14, 2021
EPFO Hits All-time Low: April-December 2020 Sees 71 lakh Closed Accounts

EPFO Hits All-time Low: April-December 2020 Sees 71 lakh Closed Accounts

March 18, 2021

Copyright© 2020 Financeinfinity - All rights reserved

No Result
View All Result
  • Home
  • News
  • Market Watch
  • Ministration
  • Opinion
  • Beyond Finances

Copyright© 2020 Financeinfinity - All rights reserved

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In